5410 Springfield Ave, Philadelphia, PA 19143

Property Description

Part of a Portfolio - $2,823,000 ($166,058.82/Unit) Cap: 5.78% 9 Units Portfolio Overview Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia. The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements. Seller is willing to sell properties individually or as a portfolio. 5410 Springfield Ave: Financial Summary: Asking Price $750,000 Property Type Five Unit Multifamily Financial Summary Gross Monthly Income: $5,995 Gross Annual Income: $71,940 Annual NOI: Approximately $58,068 Cap Rate: 7.74% Property Highlights • Five-unit apartment building • Strong in-place cash flow • Recent appraisal available • Fully renovated • Stable tenancy • Excellent condition Building Information Utilities: Separately metered Electric paid by tenants Gas paid by tenants Water/Sewer paid by owner Heating Combination electric and gas heat Cooling -None Roof -Approximately 4 years old Water Heaters -Approximately 4 years old Electrical -Approximately 4 years old Plumbing -Approximately 4 years old Renovations -Complete renovation completed Unit Condition -Excellent Capital Improvements: Heater replacement anticipated around 2028 Parking -None Deferred Maintenance -None reported Environmental Concerns -None known